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Low power AC drives are applied in the process and discrete manufacturing industries, commercial buildings, and municipal infrastructure. They provide speed, motion, and torque control for equipment, such as fans, pumps, compressors, conveyors, kilns, centrifuges, mixers, hoists, cranes, extruders, printing machinery, and textile machines. This research covers hardware, software, and services for the low power AC drives market, which comprises the micro (<5 kW), low-end (5-40 kW), and midrange (>40-200 kW) drives.
ARC Advisory Group research on the Low Power AC Drives market reveals that demand for decarbonization and achieving the net zero emission targets propels the adoption of AC Drives. Deployment of AC drive technology helps to reduce energy consumption and carbon emissions. Increasing energy efficiency in all processes is crucial in preventing climate change. Industrial operations must continue to optimize performance, increase energy efficiency, and minimize waste to balance rising energy demand and support global warming initiatives.
In addition to providing a five-year market forecast, the low power AC drives market research provides detailed quantitative current market data and addresses key strategic issues as follows.
AC drive end users need to be familiar with OPC UA, a protocol that allows for seamless communication between different devices in an industrial setting. OPC UA, or OPC Unified Architecture, is a widely adopted standard for industrial automation and control systems. It provides a platform-independent, secure, and reliable method for exchanging data and information between various devices, such as AC drives, programmable logic controllers (PLCs), and human-machine interfaces (HMIs). Its ability to provide interoperability, robust security, seamless integration, and standardized information models greatly enhances the efficiency and effectiveness of AC drive systems. By leveraging OPC UA, end users can optimize their processes, improve productivity, and ensure the smooth operation of their industrial systems.
With technological advancements, AC drives are becoming increasingly sophisticated and intelligent, with many new features and capabilities that are helping to improve the performance and efficiency of industrial automation systems. The onboard intelligence of AC drives allows them to monitor the motor load and identify potential problems early on. This can help to prevent costly downtime and damage to equipment. Another key advancement is the integration of digital inputs and outputs (I/O), which enables AC drives to integrate more equipment and interact with more aspects of the system. The increasing use of onboard digital tools and sensors also helps improve the performance of the drives. These tools and sensors can be used to collect data on the operation of the AC drive and the motor, which can then be used to optimize the system‘s performance. This data can also be used to troubleshoot problems and improve maintenance practices.
Digitalization helps create a path for the transition toward more connected and smarter systems to drive increased end user value as digitalizing of the assets and use of cloud-based architecture with predictive analytics enables end users to monitor the health and performance of assets, allowing them to predict equipment failures before they happen, minimizing unnecessary shutdowns that can cost millions of dollars.
This market research may be purchased as a MIRA Service, an Excel Workbook, and/or as a Market Analysis Report (PDF). MIRA Services help unlock the full benefits of ARC’s market intelligence, making the data more actionable for you by adding qualitative context to our market data in an online environment unique to each customer. Regional editions include country and industry market data. Formats available are listed below:
MIRA Services | MIRA Workbook | Market Analysis PDF | |
---|---|---|---|
Annual Subscription | Yes | No | No |
Worldwide (includes regional data) | Yes | Yes | Yes |
North America (includes regional data) | Yes | Yes | No |
Europe, Middle East, Africa (includes regional data) | Yes | Yes | No |
Asia (includes regional data) | Yes | Yes | No |
Latin America (includes regional data) | Yes | Yes | No |
Table of contents for this research is shown in the following paragraphs.
Strategic Analysis
Competitive Analysis
Market Forecasts and Histories
Industry Participants
The research identifies all relevant suppliers serving this market.
Strategic Analysis
Competitive Analysis
Market History & Forecast Analysis
Industry Participants
List of countries & currencies included in each region: MIRA-Country
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